Microsoft's Activision has unveiled a new venture with Elsewhere Entertainment, a Warsaw-based studio that boasts a team with top-notch industry experience having worked on games like The Last of Us, Uncharted, The Witcher, Cyberpunk, Destiny, The Division, and Far Cry. Elsewhere Entertainment is set to develop a AAA narrative-driven IP, leveraging Activision's ample resources and tools. This strategic move comes amidst Microsoft's recent decision to shut down several studios and lay off a significant number of video game division staff, underlining Activision's unique operational position since being acquired by Microsoft.

What is the focus of the newly founded Elsewhere Entertainment studio under Activision?
nElsewhere Entertainment is focusing on creating a brand new triple-A narrative-based franchise.

Extra Background Information:
nActivision, a subsidiary of Microsoft as a result of a massive industry-shaking acquisition, operates both independently and as part of the larger Microsoft umbrella. Known for franchises like Call of Duty, Activision has a rich history within the gaming industry. Its decision to back Elsewhere Entertainment's new narrative-driven game emphasizes its continued investment in crafting high-quality, story-rich gaming experiences amidst the industry's ever-evolving dynamic. Notably, this move into narrative-focused gaming hints towards a diversification of Activision's traditionally multiplayer-focused portfolio.